Graham Capital Management L.P. Sells 32,399 Shares of Dollar General Co. (NYSE:DG)

Graham Capital Management L.P. trimmed its holdings in Dollar General Co. (NYSE:DG - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,284 shares of the company's stock after selling 32,399 shares during the period. Graham Capital Management L.P.'s holdings in Dollar General were worth $3,813,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DG. IMG Wealth Management Inc. bought a new position in Dollar General during the 4th quarter worth $25,000. Altshuler Shaham Ltd bought a new position in Dollar General during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co acquired a new position in Dollar General during the 4th quarter worth $33,000. Finally, Bogart Wealth LLC boosted its position in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on DG. Guggenheim boosted their price target on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Dollar General in a research note on Monday, May 5th. Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. UBS Group decreased their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial upped their target price on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $95.16.

Dollar General Stock Up 0.8%

Shares of NYSE DG traded up $0.70 during mid-day trading on Wednesday, reaching $87.55. 3,927,062 shares of the company traded hands, compared to its average volume of 3,991,011. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market cap of $19.26 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The company's fifty day moving average is $88.20 and its two-hundred day moving average is $79.72. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. On average, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio is 46.18%.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.